Buying vs. Leasing: Which Should You Choose?

Deciding whether to buy or lease can be tricky. While buying your next car gives you the freedom to do whatever you want with it, leasing makes it much easier to have a vehicle with the latest bells and whistles. As most drivers around Long Island and Staten Island will come to find, there are several factors. So when you’re looking at new vehicles for sale, it’s worth diving into the details about whether you’re better off financing or leasing.

Benefits of Leasing

When you choose to lease, you are essentially borrowing your Jaguar model for a predetermined period of time. When the lease term is up, you can return the vehicle, and in some cases, you might have the option of buying it outright. Some of the advantages of leasing include:

Cost – Leasing a vehicle usually requires a smaller down payment and a lower monthly payment than purchasing one. With a lower down-payment, you may be able to get the car you want at a price you can afford.

The Latest Features – Most leases last 24 or 36 months, meaning that, when your lease ends, you can return the vehicle and swap it out for an even newer version.

Benefits of Buying

Huntington drivers may find that the advantages of financing work better for them than leasing. Some of the advantages of that approach include:

You Own It – You’re building equity with each payment you make. Whether your loan lasts 36, 48, or 60 months, you’ll own the car at the end of it.

Customize – Since you’ll own the car, you can make whatever modifications you please. Want a new paint job or stereo system? When you buy, you can do that!

Explore Your Options at Jaguar Freeport

Whether it’s better to buy vs. lease will depend on your circumstances and your budget for a vehicle, but we’re here to help. Drop by Jaguar Freeport to take a test drive and discuss your options with our finance team. Contact us today to learn more, or simply visit our dealership in Freeport.

More from Jaguar Freeport

Looking for the best place to find a Christmas tree that will light up your home and holiday décor? Finding Christmas trees in Long Island is pretty easy, as there are Christmas tree farms and Christmas tree stands all over the Long Island area. Plus, you can even take in a few Christmas light shows in…

One of the most often overlooked aspects of routine vehicle maintenance is changing your spark plugs. Many Long Island drivers may not even know how often spark plugs should be changed, or what the warning signs may be as their spark plugs age. Spark plugs should typically be changed every 30,000 miles however this can vary…

There are plenty of reasons to want to drive Jaguar cars through Brooklyn, and the 2019 Jaguar XE interior features deliver a comfortable ride you’ll certainly appreciate. From Jaguar XE technology to convenience features, you’ll enjoy what this luxury car has to offer every time you get behind the wheel. Explore the interior features below…